Ripple's RLUSD Hits New All-Time High in Market Cap

Cover image via U.Today RLUSD sees rapid adoption Ripple drives demand Advertisement Ripple's stablecoin, RLUSD, has just achieved a major milestone in its circulating supply, surpassing levels seen in late April as adoption continues to grow. Per data showcased by CoinMarketCap as of Wednesday, May 20, the market capitalization for RLUSD is sitting at over $1.65 billion, marking an increase of about 3% over the last 24 hours. RLUSD sees rapid adoption While the Ripple stablecoin had launched less than 2 years ago, the milestone signals the rapid adoption of the asset as Ripple continues to push for bigger expansion. HOT Stories JPMorgan: Bitcoin Races Ahead of Ethereum Hyperliquid (HYPE) Back in Bull Mode With 13% Rally, Ethereum (ETH) Risks Losing $2,000 Prematurely, XRP's Only Chance For $2 Comeback: Crypto Market Review With its supply level now sitting above $1.65 billion, RLUSD has achieved an increase of about 2.9% from its previous record of $1.603 billion achieved late last month. Advertisement This suggests that enterprises are increasingly integrating RLUSD and new capital is steadily flowing into the Ripple stablecoin despite the heightened competition in the stablecoin market. You Might Also Like Tue, 05/19/2026 - 11:15 Ripple Mints 39.4 Million RLUSD in Just 24 Hours as Stablecoin Activity Accelerates By Tomiwabold Olajide Despite the new milestone, further data shows that RLUSD still remains behind major competitors like PYUSD and USD1 in supply. However, the surge in its market capitalization and its rapid growth since emergence further strengthens its market position and credibility, increasingly boosting its utility. Advertisement While the Ripple stablecoin is rapidly gaining traction among users and institutions, market participants believe it is on track to flip its rivals and possibly dominate the stablecoin market in the future. Ripple drives demand It is important to note that the stablecoin has achieved an increase in its supply while retaining its market value at a price consistently pegged near $1. The firm has deployed necessary mechanisms to ensure it is constantly in demand, especially with its steady minting and burning activities. As evident in the new milestone, Ripple has achieved rising demand and deeper liquidity for RLUSD. It has also fostered broader usage of the stablecoin across trading, payments, and institutional settlement platforms. #RLUSD #Ripple News #PYUSD